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U.S. fast-food chains report fatter margins as cheese, chicken, avocado costs fall

Major U.S. restaurant chains including burger giant McDonald’s (MCD.N) saw lower ingredient costs, especially for chicken, cheese and avocado, drive profit margins in the second quarter. Domino’s (DPZ.N), McDonald’s and Chipotle (CMG.N) said they were starting to benefit from easing costs after red-hot inflation forced them to raise menu prices a few quarters ago.

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Domino’s expects sales pressure to persist after drop in first quarter

Domino’s Pizza Inc (DPZ.N) missed quarterly sales estimates on Thursday and warned staffing shortages and inflation would pressure its business further into the year, sending the fast-food chain’s shares down 5%. U.S. restaurants have struggled to keep their workers from leaving for higher-paying jobs, with Domino’s even offering consumers a $3 coupon code for picking…

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